CGN New Energy sees September power generation drop 14.9% on wind output decline

CGN New Energy Holdings Co., Ltd. reported that its consolidated power generation for September 2025 totaled 1,356.3 GWh, marking a 14.9% decrease compared to September 2024. This decline was largely due to a 37.4% decrease in power generation from wind projects, attributed to lower average wind speeds in key provinces.

Conversely, solar projects saw a 47.7% increase in power generation, and gas-fired projects surged by 69.5%. Korea projects experienced a modest 2.1% increase, while hydro projects grew by 8.1%.

For the nine months ended September 30, 2025, the group's accumulated power generation decreased by 3.0% year-on-year to 14,206.8 GWh. Over this period, solar projects increased by 26.1% and gas-fired projects by 7.9%, while wind projects declined by 2.2%. Hydro and Korea projects decreased by 13.0% and 11.4% respectively.